World’s largest oil reserves in spotlight after US arrest of Venezuela’s leader; global leaders react

People cheer during a protest against the United States' capture of President Nicolás Maduro and his wife, Cilia Flores, at the Colorado Springs City Hall on Sunday, 4 January 2026. Credit: Jerilee Bennett/AP

Top Venezuelan officials say they will remain unified behind President Nicolas Maduro, who remains in custody in New York after he was captured in a U-S military operation over the weekend. The move has sparked global condemnation, and fears over international law, while drawing fresh attention to Venezuela’s vast oil reserves.

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Published 5 January 2026 2:55pm

Updated 6 January 2026 11:55am

By Essam Al-Ghalib, Angelica Waite

Presented by Swati Sharma

Source: SBS

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Top Venezuelan officials say they will remain unified behind President Nicolas Maduro, who remains in custody in New York after he was captured in a U-S military operation over the weekend. The move has sparked global condemnation, and fears over international law, while drawing fresh attention to Venezuela’s vast oil reserves.

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